3 bedroom house for sale
157 Bushbury Lane, Former Goodyear, WV10 6GR
Share percentage 25%, full price £280,000, £3,500 Min Deposit.
Share percentage 25%, full price £280,000, £3,500 Min Deposit.
Monthly Cost: £935
Rent £481,
Service charge £55,
Mortgage £399*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
New build 3 bedroom semi detached house in the Banbury Place Development. The price advertised represents purchasing a 50% share of the home.
Description
New 3 bedroom semi detached house in the Banbury Place Development. The price advertised represents purchasing a 50% share of the home.
About the Development
Two and three bedroom family homes are available now in this fast-developing neighbourhood. Built by regeneration specialist developers St Modwen, these are perfect for growing families who need more space.
Based in a flourishing neighbourhood, you’ll find public open spaces, a supermarket and a pub on your doorstep. You’re also a short distance from Wolverhampton’s city centre, offering shops, restaurants and more to explore. For families, Whitgreave Primary School is Ofsted rated ‘Outstanding’ and is just half a mile from the development.
About the Home
Enter through a spacious hallway with a door off into a separate living room. Downstairs also offers under stairs storage & a W.C. The bright and open kitchen-dining space is to the rear of the property offering a fitted kitchen with oven, hob and extractor hood and this is the perfect place for entertaining, with a French door leading onto the turfed rear garden. Upstairs offers two double bedrooms & a third bedroom which could be used as a children’s nursery or home office, two storage cupboards, and a fully fitted family bathroom.
This home furthers benefits from full gas fired central heating, double glazing and high performance insulation throughout, and two allocated parking spaces.
About the Area
Banbury Place is in a great location for commuters with the M54 three miles away, connecting you to Telford, Shrewsbury and North Wales. The M6 is also just 10 minutes getting you to Manchester in an hour and a half.
For those travelling by train, Wolverhampton Train Station is around 10 minutes’ drive and can get you to London Euston in just over two hours, Birmingham in under 20 minutes, Liverpool in an hour and a half or even Glasgow in under four hours.
Closer to home, Wolverhampton’s city centre is an eight minute drive offering many amenities as well as the popular Wolverhampton Grant Theatre. You’ll also find plenty of public open spaces with the Wyrley and Essington Canal towpaths less than 20 minutes’ drive and the Oxley Park Golf Club a 13 minute walk away.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Service Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- New build semi detached house
- Flooring throughout
- Two parking spaces
- Shared Ownership scheme
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £280,000, £3,500 Min Deposit. Calculated using a representative rate of 5.26%
